If you have only thought about relocating to Albuquerque in New Mexico or you are just curious about the cost of living there, you can take a look at the data provided which will help you get acquainted with the basic costs and possible salaries there.
The cost of living is usually determined according to the obligatory expenses related to the categories of food, services and housing.
However, there are additional, non-essential ones, that need to be included as well.
Albuquerque residents have plenty things to do to keep them entertained during their leisure time, and one of them is definitely dining in the local restaurants.
Food is expensive in Albuquerque, thus affecting the restaurant prices, but choosing the less expensive one would provide you with a decent meal for not so high prices.
When it comes to food prices, Albuquerque’s cost of living is slightly below the national average, but the groceries shopping would definitely take you the most of the income and wise purchasing of fruit and vegetables, at the local markets, would have a huge benefit for your budget.
As an Albuquerque resident, you will pay less for transportation, as it is quite a bargain here.
One way ticket is only $1, while monthly pass allows you the usage of public transport system during the whole month at just $30.
Even more can be saved if you do not mind walking or cycling.
Albuquerque is famous for its housing affordability, and reasonable accommodation prices bring comfort to those relocating there, but what they have to bear in mind is that utilities are paid additionally to the rent, and they will have to devote $200 more monthly for them.
SPORTS & LEISURE
Albuquerque’s climate is ideal for sports people who like doing activities outside, such as golf, hiking, cycling, as there are approximately 310 days of sunshine per year.
This affects the prices of gyms and fitness clubs to decrease, and they are pretty affordable here.
CLOTHING & SHOES
Young people enjoy shopping for clothes and shopping opportunities in Albuquerque are numerous and versatile.
They include both close and open air shopping centers and boutiques which offer branded items at not so high prices, and the majority of people can afford them.
RENT PER MONTH
When it comes to accommodation, it is cheaper to live in Albuquerque than in many places in the United States, but this city is still more expensive than some other nearby cities.
Actually, Albuquerque appeals to a wide range of budgets and tastes, as you can either choose the urban or suburban areas.
Cost of Living Averages Table for Albuquerque, NM
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$12|
|Domestic Beer (0.5 Liter)||$4|
|Water (0.33 Liter)||$1.42||Average Market Prices|
|Milk (1 Liter)||$0.67|
|Loaf Bread (500g)||$3.04|
|Eggs (12)||$1.99||Average Transport Prices|
|One Way Ticket||$1|
|Gasoline||$0.70||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$144.16|
|1 min. of Prepaid Mobile Tariff Local||$0.10|
|Internet (Unlimited Data, Cable/ADSL)||$64.45||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$38.05|
|Tennis Court Rent (1 Hour)||$2.50|
|Cinema, 1 Seat, International Release||$11||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$40.64|
|1 Summer Dress in a Chain Store (Zara, etc...)||$40.60|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$67.44||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$888.24|
|Apartment (1 bedroom) Outside of Center||$762.67|
|Apartment (3 bedrooms) in City Center||$1290.35|
How Does the Average Person Spend Their Money in Albuquerque, NM?
Due to the fact that the climate allows outdoor recreational opportunities throughout the city, it possesses the places designed for sports activities which include biking and walking trails, thus not much money is devoted to this category.
While sports people would be happy to hear that they do not need money to satisfy their desires for sports, restaurant goers would not be so glad to hear the restaurant prices, especially if they live on the budget.
Be ready that food will take you more money than rent.
Albuquerque, NM: Average Salary, Minimum Wage & Mortgages
What you need to do first is to research the possible income for your profession here, just to find out how much money you might earn and how to organize it.
The average monthly net salary in Albuquerque, is not low, and when compared with not so high rent prices, it makes Albuquerque, an ideal place to live and work.
If you are serious about relocation to Albuquerque and you do not want to rent an accommodation, but buy your own property, you can investigate local mortgage rate options before coming and see if they are cost-effective, as they are approximately 4.40%.
Cost of Living by City in United States
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